Islamic economy 2016: Widening and deepening
Wider acceptance and demand are driving fast-paced geographical take-up and product innovation, with regulation and standardisation still slightly behind the curve
With new products and initiatives developed around concepts such as experiential travel, and the diversification of financial and investment options, various sectors of the global Islamic economy witnessed increased adoption in 2016, even as the slow pace of standardisation continued to remove barriers to entry.
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Shalini Seth, Media ME